1999 - JAMB Commerce Past Questions and Answers - page 4
31
A wholesaler dealer in securities is known as a
A
stockborker
B
speculator
C
jobber
D
stag
Ask EduPadi AI for a detailed answer
Share this question
32
Modern business philosophy emphasizes
A
quality products
B
customer satisfaction
C
sales volume
D
public relations
Ask EduPadi AI for a detailed answer
Share this question
33
The main role of advertising is to
A
convince prospective buyers to buy
B
show the actual shape, form and colour of the products
C
inform people where to obtain goods and services
D
captured the attention of people
Ask EduPadi AI for a detailed answer
Share this question
34
The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called
A
simplification
B
standardization
C
specialization
D
satisficing
Ask EduPadi AI for a detailed answer
Share this question
35
The focal point of the marketing efforts is the`
A
seller
B
profit
C
product
D
buyer
Ask EduPadi AI for a detailed answer
Share this question
36
Adigun displays goods of different makes on shelves in his supermarket. This is an example of
A
invitation to treat
B
offer to sell
C
offer to purchase
D
invitation to sell
Ask EduPadi AI for a detailed answer
Share this question
37
The process of bringing a company under exclusive state ownership and control is know as
A
nationalization
B
commercialization
C
indigenization
D
privatization
Ask EduPadi AI for a detailed answer
Share this question
38
Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to
A
remunerate Q
B
reply Q
C
indemnify Q
D
settle Q
Ask EduPadi AI for a detailed answer
Share this question
39
In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is
A
lawful to both
B
unlawful to both
C
beneficial to both
D
detrimental to both
Ask EduPadi AI for a detailed answer
Share this question
40
In every simple contract, the price which is paid to purchase a promise is called
A
offeree
B
acceptance
C
consideration
D
representation
Ask EduPadi AI for a detailed answer
Share this question